Here, we describe selected work on the development and study of nanofluids based on graphene and reduced graphene oxide both in aqueous and organic electrolytes. A thorough study of thermal properties of graphene in amide organic solvents (N,N-dimethylformamide, N,N-dimethylacetamide, and N-methyl-2-pyrrolidone) showed a substantial increase of thermal conductivity and specific heat upon graphene integration in those solvents. In addition to these thermal studies, our group has also pioneered a distinct line of work on electroactive nanofluids for energy storage. In this case, reduced graphene oxide (rGO) nanofluids in aqueous electrolytes were studied and characterized by cyclic voltammetry and charge-discharge cycles (i.e., in new flow cells). In addition, hybrid configurations (both hybrid nanofluid materials and hybrid cells combining faradaic and capacitive activities) were studied and are summarized here.